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NelnetNNI -0.01%65 PB Ratio is 1.27 as of Jul. 15, 2026, which is 21% above its 10-year median of 1.05. GuruFocus rates NNI with a GF Score™ of 65/100 and a GF Value™ of $147.90 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 525 Credit Services companies, Nelnet ranks worse than 56.95% on this metric.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2026-07-15), Nelnet's share price is $131.87. Nelnet's Book Value per Share for the quarter that ended in Mar. 2026 was $103.79. Hence, Nelnet's PB Ratio of today is 1.27.
Warning Sign:
Nelnet Inc stock PB Ratio (=1.27) is close to 10-year high of 1.37.
The historical rank and industry rank for Nelnet's PB Ratio or its related term are showing as below:
NNI'
s PB Ratio Range Over the Past 10 Years
Min: 0.64 Med: 1.05 Max: 1.37
Current: 1.27
During the past 13 years, Nelnet's highest PB Ratio was 1.37. The lowest was 0.64. And the median was 1.05.
NNI's PB Ratio is ranked worse than 56.95% of 525
companies
in the Credit Services industry
Industry Median: 1.05
vs NNI: 1.27
During the past 12 months, Nelnet's average Book Value Per Share Growth Rate was 10.30% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 6.00% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 7.60% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 9.00% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Nelnet was 93.20% per year. The lowest was 2.80% per year. And the median was 13.10% per year.
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.
Nelnet PB Ratio Related Terms
Nelnet PB Ratio Historical Data
* Premium members only.
The historical data trend for Nelnet's PB Ratio can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Credit Services subindustry, Nelnet's PB Ratio, along with its competitors' market caps and PB Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Nelnet PB Ratio vs Credit Services Industry
For the Credit Services industry and Financial Services sector, Nelnet's PB Ratio distribution charts can be found below:
* The bar in red indicates where Nelnet's PB Ratio falls into.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.
Nelnet's PB Ratio for today is calculated as follows:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.
Nelnet (NNI) has a PB Ratio of 1.27 as of Jul. 15, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Nelnet and its competitors. This is 21% above median its historical median of 1.05. Over the past decade, Nelnet's PB Ratio has ranged from 0.64 to 1.37. According to the industry distribution chart, Nelnet ranks #299 out of 525 companies in the Credit Services industry, placing it in the top 57%.
Is Nelnet's PB Ratio too high?
Nelnet's current PB Ratio of 1.27 is 21% above median its 10-year median of 1.05. Over the past 10 years, this metric has ranged from a low of 0.64 to a high of 1.37. The Credit Services industry median PB Ratio is 1.05. Nelnet's value of 1.27 is 21% above this industry median. Based on the distribution chart, Nelnet ranks #299 out of 525 companies in the Credit Services industry, which is below the industry midpoint. Overall, Nelnet has a GF Score™ of 65/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Nelnet's PB Ratio compare to SLM and BFH?
According to the Credit Services industry distribution chart, Nelnet ranks #299 out of 525 companies for PB Ratio. This places Nelnet in the lower half of its industry. The industry median PB Ratio is 1.05. Nelnet's value of 1.27 is 21% above this benchmark. Historically, Nelnet's own PB Ratio has ranged from 0.64 to 1.37 over the past decade. While the company's 10-year median is 1.05 vs. the industry median of 1.05, Nelnet has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good PB Ratio for a Credit Services company?
The median PB Ratio among Credit Services companies is 1.05, based on 525 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Nelnet's current PB Ratio of 1.27 is 21% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Nelnet and its competitors. For the Credit Services industry, the median PB Ratio is 1.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nelnet's current PB Ratio is 1.27, which is 21% above median its own 10-year median of 1.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nelnet stock overvalued right now?
Based on GuruFocus' analysis, Nelnet (NNI) is currently considered Modestly Undervalued. The stock's GF Value™ is $147.90, compared to a current price of $131.87 — trading 10.8% below its estimated fair value. The current PB Ratio is 1.27, which is 21% above median its 10-year median of 1.05 and 21% above the Credit Services industry median of 1.05. Nelnet's overall GF Score™ is 65/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For Nelnet (NNI), the current PB Ratio is 1.27 as of Jul. 15, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Nelnet (NNI) Overvalued in 2026?
Based on GuruFocus' analysis, Nelnet stock appears to be undervalued.
The current stock price of $131.87 is trading 10.8% below its estimated GF Value™ of $147.90.
GuruFocus considers Nelnet to be Modestly Undervalued.
Key valuation signals for NNI:
PB Ratio: 1.27 (21% above median its 10-year median of 1.05)
GF Value™: $147.90 vs. price of $131.87 (10.8% below fair value)
Industry Position: 21% above the Credit Services median (#299 of 525)
No single metric tells the full story. See the NNI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nelnet Inc is a United States based company engaged in these four reportable segments; Loan Servicing and Systems, which focuses on student and consumer loan origination services and servicing, loan origination and servicing-related technology solutions, and outsourcing business services; Education Technology Services and Payments segment provides education services, payment technology, and community management solutions for K-12 schools, institutions, churches, and businesses; Asset Generation and Management segment includes the acquisition and management of student and other loan assets; and Nelnet Bank focuses on the private education and unsecured consumer loan markets. Maximum revenue for the company is generated from its Asset Generation and Management.
65GF Score
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